Corporate Issuers是原来的公司金融科目,在2022年CFA二级中有很多删除的知识点,那你知道是哪些知识点被删除?今天和小编看看这个科目!
公司金融主要变化是减负,删除了很多定量考查的知识点,包含HHI指数,在并购背景下对目标公司估值的几种方法等;这些内容均为非重点知识点。
2021 Reading 20 Capital Structure
·LOS c:describe the role of debt ratings in capital structure policy;
2021 Reading 21 Analysis of Dividends and Share Repurchases
·LOS d:explain how clientele effects may affect a company's payout policy;
2021 Reading 23 Mergers and Acquisitions
·LOS g:calculate and interpret the Herfindahl-Hirschman Index and evaluate the likelihood of an antitrust challenge for a given business combination;
·LOS i:calculate free cash flows for a target company and estimate the company's intrinsic value based on discounted cash flow analysis;
·LOS j:estimate the value of a target company using comparable company and comparable transaction analyses;
2021 Reading 19 Capital Budgeting
·LOS h:calculate and interpret accounting income and economic income in the context of capital budgeting;
·LOS i:distinguish among the economic profit,residual income, and claims valuation models for capital budgeting and evaluate a capital project using each
除了内容变化,科目名称由Corporate Finance调整为Corporate Issuers;章节顺序把Capital budgeting调至*后,
公司治理Reading名称变为Environmental,Social,and Governance (ESG)Considerations in Investment Analysis,均非实质变化。